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Refer to the Graphs Shown

Question 124

Multiple Choice

Refer to the graphs shown. Refer to the graphs shown. If labor supply shifts from S<sub>1</sub> to S<sub>2</sub>, the market wage rate will: A) increase from W0 to W1. B) increase from W1 to W2. C) decrease from W1 to W0. D) decrease from W2 to W1. If labor supply shifts from S1 to S2, the market wage rate will:


A) increase from W0 to W1.
B) increase from W1 to W2.
C) decrease from W1 to W0.
D) decrease from W2 to W1.

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